NOT LISTED FOR SALE

1185 E Orange Grove Blvd Pasadena, CA 91104

Bungalow Heaven Neighborhood
1 Bed
6 Baths
2,788 Sq Ft
9,853 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $1,275,000 $457 Per Sq Ft

12 Days on Market

About This Home

As of January 2018

This beautiful craftsman apartment is located on a quiet tree lined residential street of Bungalow Heaven in Pasadena. It consist of 1 smaller Studio (250 sq./ft.), 4 Studios (375-500 sq./ft.), & 1 1bed/1bath (600 sq./ft.) This unique building has hardwood floors, partial cooper plumbing, new electrical, newer roof, 4 single car garages and a bonus basement area. There is no laundry on premise. Rents are extremely low and offers the new owner an opportunity to create added value. Pasadena is not rent control. Zoning is Single Family.

Last Agent to Sell the Property

Matt Ly

Coldwell Banker Realty License #01441481 Listed on: 09/12/2017

Coldwell Banker Realty

Last Buyer's Agent

Matt Ly

Coldwell Banker Realty License #01441481 Listed on: 09/12/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 9,853 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,788 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 6 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 2624
  • Assessor Parcel Number 5739007024

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Gardener Expense $960
  • Insurance Expense $1,886
  • Maintenance Expense $6,000
  • Pest Control $450
  • Trash Expense $1,320
  • Water Sewer Expense $1,440
  • New Taxes Expense $15,937
  • Operating Expense $29,194
  • Net Operating Income $35,757

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.80
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: PSR6
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5739007024
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 457.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: No
  • Pest Control Expense: 450.00
  • Sewer: Unknown
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9853.00

Multi Family

  • Fuel Expense: 1200.00
  • Gross Multiplier: 19.04
  • Gross Scheduled Income: 66960.00
  • Insurance Expense: 1886.00
  • Maintenance Expense: 6000.00
  • Net Operating Income: 35757.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 29194.00
  • Rent Control: No
  • Total Expenses: 29194.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15937.00
  • Tax Census Tract: 4624.00
  • Tax Lot: 24
  • Tax Tract Number: 2624

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2018 01/05/18 Sold $1,275,000 0.0% $457 / Sq Ft
09/24/2017 09/24/17 Pending -- -- --
09/12/2017 09/12/17 For Sale $1,275,000 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Matt Ly

    Coldwell Banker Realty

    (626) 821-1216

    24 Total Sales

    Matt Ly
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17209677

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91104 Bungalow Heaven

1185 E Orange Grove Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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